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REGISTERED NUMBER: SC609574 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

P S Technical Services Ltd

P S Technical Services Ltd (Registered number: SC609574)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P S Technical Services Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr P E Starzynski
Mrs M Starzynska





REGISTERED OFFICE: 110 Low Street
New Pitsligo
Fraserburgh
Aberdeenshire
AB43 6NS





REGISTERED NUMBER: SC609574 (Scotland)





ACCOUNTANTS: SBP
Accountants
2 Cross Street
Fraserburgh
Aberdeenshire
AB43 9EQ

P S Technical Services Ltd (Registered number: SC609574)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,243 1,566

CURRENT ASSETS
Cash at bank 56,981 43,917

CREDITORS
Amounts falling due within one year 5 17,647 20,739
NET CURRENT ASSETS 39,334 23,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,577

24,744

CREDITORS
Amounts falling due after more than one year 6 (2,691 ) (4,391 )

PROVISIONS FOR LIABILITIES (426 ) (297 )
NET ASSETS 38,460 20,056

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 38,458 20,054
SHAREHOLDERS' FUNDS 38,460 20,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

P S Technical Services Ltd (Registered number: SC609574)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





Mr P E Starzynski - Director


P S Technical Services Ltd (Registered number: SC609574)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

P S Technical Services Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Due to the timing of the purchase of the machinery items during the financial year, no depreciation was charged for the year under report.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Following assessment, the director was of the view that there was no material exposure to deferred taxation and no provision has been made in the current financial year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

P S Technical Services Ltd (Registered number: SC609574)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 1,555 759 2,314
Additions 1,469 - 1,469
At 31 October 2023 3,024 759 3,783
DEPRECIATION
At 1 November 2022 311 437 748
Charge for year 605 187 792
At 31 October 2023 916 624 1,540
NET BOOK VALUE
At 31 October 2023 2,108 135 2,243
At 31 October 2022 1,244 322 1,566

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 1,700 1,700
Taxation and social security 11,143 14,213
Other creditors 4,804 4,826
17,647 20,739

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 2,691 4,391

7. RELATED PARTY DISCLOSURES

The directors, Mr P.Starzynska and Mrs M Starzynska operate current accounts with the company and as at 31 October 2023 the combined balance owing to them was £3,306 (2022: £3,397). There are no fixed terms of repayment and no interest is accrued.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P E Starzynski.